@TheMoment, Inc. Secures $7 Million in Venture Funding.Business Editors/High-Tech Writers SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--Aug. 6, 2001 New Investor Voyager Capital Leads Latest Round That Includes Investments From Tarrant Venture Partners, TIBCO Software Tibco Software Inc. is a software company, with headquarters in Palo Alto, California. Tibco sells business process management and business integration software. History Vivek Ranadive founded the company as Teknekron Software Systems (TSS) in 1985. and VantagePoint Venture Partners @TheMoment, Inc., the leader in dynamic trading solutions for Global 2000 enterprises, today announced the successful completion of its fourth round of venture funding totaling $7 million. The round was led by new investor Voyager Capital and included continuing investments from Tarrant Venture Partners -- an affiliate of Texas Pacific Group; TIBCO Software Inc. (Nasdaq:TIBX TIBX Tibco Software Incorporated (NASDAQ symbol) ); and VantagePoint Venture Partners. The new financing will be used by @TheMoment to expand its product development, sales and marketing efforts into key industries such as energy. Online wholesale energy trading will reach $3.6 trillion in 2005, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
"This round is a powerful validation of @TheMoment's corporate strategy to provide Global 2000 corporations with a real-time trading platform to drive their auction and private trading exchange needs," said Larry Frye, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , @TheMoment, Inc. "We're thrilled to have the support of a strong group of new and existing investors -- especially in the face of today's unstable economic conditions. This investment will enable us to continue to build momentum in our target industries as well as increase our leadership position in dynamic trading." "Voyager is pleased to welcome @TheMoment into our portfolio of companies," said Curtis Feeny, managing director, Voyager Capital. "This investment is a testament to @TheMoment's vision and technology. As dynamic trading continues to transform the way companies do business and to grow across more industries, @TheMoment is positioned to be at the center of dynamic trading initiatives with its platform." "@TheMoment is well positioned to address the pricing issues faced by key players in the energy and telecommunications industries," said J. Stephan Dolezalek, partner, VantagePoint Venture Partners and a member of the @TheMoment Board of Directors. "VantagePoint looks forward to working with @TheMoment as it delivers real-time trading solutions to meet the complex needs of its customers as they contend with a rapidly changing economic environment." Voyager Capital joins board of directors @TheMoment today also announced that Feeny of Voyager Capital has been appointed to the Company's Board of Directors. In addition to @TheMoment, Feeny serves on the board of directors of Contivo, Inc., and Trammell Crow F. Trammell Crow (born June 11, 1914, in Dallas, Texas) is an American property developer who created several famous projects, including Dallas Market Center, Peachtree Center (Atlanta, Georgia), and San Francisco's Embarcadero Center. Company (NYSE NYSE See: New York Stock Exchange :TCC TCC The Car Connection (web site) TCC Tidewater Community College TCC Tallahassee Community College TCC Temporary Continuation of Coverage TCC Tucson Convention Center (Tucson, AZ, USA) ). He is a board observer for SeeCommerce and served on the Board of Stanford Federal Credit Union for five years. About Tarrant Venture Partners Tarrant Venture Partners, L.P. is a venture fund sponsored by the principals of Texas Pacific Group, a private equity investment firm founded by David Bonderman, James G. Coulter and William S. Price, III in 1993. Texas Pacific Group has U.S. based offices in Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. , and San Francisco, and a European office in London. Texas Pacific Group and its affiliated partnerships have aggregate capital under management of more than $10.0 billion, with more than $1.5 billion invested in technology and telecommunications worldwide. Separately, Tarrant Venture Partners has completed more than 45 technology related investments. About TIBCO Software Inc. TIBCO Software Inc. (Nasdaq:TIBX) is a leading provider of total business integration solutions delivering infrastructure software that enables businesses to seamlessly integrate business systems in real-time. TIBCO's products enable the real-time distribution of information through patented technology called The Information Bus(TM), or TIB See NIST binary. (R). TIBCO TIBCO The Information Bus Company technology was first used to digitize Wall Street and has since been adopted in diverse industries including financial services, telecommunications, electronic commerce, transportation, logistics, manufacturing and energy. TIBCO's global customer base includes more than 1,200 customers such as Cisco Systems, Yahoo!, Ariba, NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. , Enron, Sun Microsystems, GE Capital, The Limited, Delta Air Lines, Philips, AT&T and Pirelli. Headquartered in Palo Alto, Calif., TIBCO can be reached at 650/846-1000 or on the web at www.tibco.com. VantagePoint Venture Partners VantagePoint Venture Partners is one of the nation's largest and most active venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] with more than $2.5 billion in committed capital. The Firm provides active assistance to new networking, communications, semiconductor and Internet infrastructure companies. VantagePoint Venture Partners is a full-service venture firm offering a unique blend of technology, venture funding, partnering, marketing, and corporate finance expertise. Entrepreneurs also have access to the Firm's strategic partnerships with JDS Uniphase, Level 3 Communications
Level 3 Communications NASDAQ: LVLT is a communications and information services company headquartered in Broomfield, Colorado, USA. , IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , and Nortel Networks as well as its network of more than 60 technology executives who serve as limited partners of one or more VantagePoint funds and have historically played a meaningful role in VantagePoint investments. With offices in Silicon Valley and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , VantagePoint is geography and stage-independent, providing capital from the seed stage through mezzanine rounds. About Voyager Capital Voyager Capital is Seattle's leading e-business venture capital firm, providing entrepreneurs with the resources, experience, and connections to build successful companies. Voyager invests in early stage enterprise software and services, Internet infrastructure, and wireless companies. Voyager's managing directors bring experience from a variety of senior management, business development, and venture capital roles. Voyager's advisory board members and investors provide important contacts for e-business startups, and are among the most successful information technology executives and investors in Seattle and Silicon Valley. With $265M under management, Voyager's investments include Avenue A, Captura Software, ClearCommerce, Q-Sent, and SeeCommerce. Voyager is headquartered in Seattle with an office in Palo Alto, Calif. For more information, visit Voyager Capital's web site at http://www.voyagercapital.com. About @TheMoment, Inc. @TheMoment, Inc. is the leader in dynamic trading solutions for Global 2000 enterprises. The highly scalable Trade@TheMoment platform provides the foundation for businesses to build and deploy real-time trading applications that enable rapid market response, increased revenues and profitability, and enhanced competitive position. Headquartered in San Mateo, @TheMoment is funded by Voyager Capital, VantagePoint Venture Partners, TIBCO Software (Nasdaq:TIBX), Tarrant Venture Partners -- an affiliate of Texas Pacific Group, RVC RVC Royal Veterinary College (London, UK) RVC Rock Valley College (Illinois) RVC Regional Value Content RVC Rockville Centre, New York RVC Reverse Voice Channel (Cellular Term) Greenhouse Fund, and other strategic investors. Additional company information is available at www.themoment.com. Note to Editors: @TheMoment, Trade@TheMoment and the @TheMoment logo are trademarks of @TheMoment, Inc. Other trademarks are registered trademarks and the properties of their respective owners. |
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